Tag Archives: mortgages





An Appraisal May Make or Break Your Deal

An appraisal is an important part of any home purchase. This is an evaluation, ordered by lenders, that tells them exactly what their money is going towards; because they focus on the actual value of your property, appraisals are different than home inspections. An inspection looks deeply into the condition of a property, but is […]


A Lender’s Take on Debt-to-Income Ratios

Debt-to-income ratios seem to generate many questions from borrowers. If you have questions on this subject, the information below may help answer them. Debt As well as the mortgage payments you are hoping to take on in purchasing or refinancing your home, your revolving and installment debt represent the greatest concerns to lenders. These include […]


2 Vital Terms Every Homebuyer Must Know

Prequalified and preapproved are two common terms you hear when it comes to getting a mortgage. But it’s important to know they are very different things. Prequalification A prequalification takes 15 to 30 minutes and involves a few quick questions. You typically do this before you look for a home. At this point, the lender takes […]